REI Lense

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$3,010 (target)

4180 Shoals Dr, Okemos, MI 48864

3 beds • 3 baths • 3380 sqft

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This property looks like a bad Long-Term investment with a projected -10.74% first-year return on $101k initial cash invested.

-10.74%

Cash On Cash

4.05%

Cap Rate

0.68

DSCR

$3,010

Rent

-$902

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,010 income − $3,912 expenses = $902 out of pocket

Income$3,010Out of Pocket$902Mortgage P&I$2,37379%Property Taxes$58920%Insurance$1686%Management$30110%CapEx$1505%Vacancy$1816%Maintenance$1505%

Investment Breakdown

|

Purchase Price

$480k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$96,000

Closing costs

1%

$4,800

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,010

Total Expenses

$3,912

Mortgage P&I

79%

$2,373

Property Taxes

20%

$589

Home Insurance

6%

$168

HOA

0%

$0

Property Management

10%

$301

CapEx

5%

$150

Vacancy

6%

$181

Maintenance

5%

$150

Other

0%

$0

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